WB asked to support Vietnam’s improvement in PPP institutions
Head of the Party Central Committee’s Economic Commission Nguyen Van Binh and WB Vice President for Infrastructure Makhtar Diop (L)
At a reception in Hanoi on February 21 for WB Vice President for Infrastructure Makhtar Diop, Prime Minister Nguyen Xuan Phuc thanked the WB for its support for Vietnam’s socio-economic development over recent years, particularly in poverty reduction, infrastructure and energy development, mining, financial infrastructure, and digitalization.
Vietnam pledges to strictly fulfilling its agreements with the WB, the government leader said, adding that the country holds great investment demand for development and wants the WB to support in technical assistance and non-refundable aid during its development process.
Makhtar Diop, in turn, assured his organization’s willingness to cooperate and support Vietnam in infrastructure development, and desires to share Vietnam’s experience with other countries in this field,
He also congratulated Vietnam on its impressive achievements in economic growth and social welfare, saying that many countries could learn from Vietnam’s experience in successfully transferring from a low-income to middle-income nation, while ensuring macroeconomic and social stability.
The WB official said he hopes that Vietnam would continue playing an important role in developing the region and sub-region while expressing his appreciation for the country’s power energy development.
The WB stays ready to help Vietnam build the north-south expressway and waterway, as well as develop energy and a power network, especially those connecting solar power systems to the national grid, he added.
Receiving the WB official the same day, Head of the Party Central Committee’s Economic Commission Nguyen Van Binh suggested the WB continue providing Vietnam with capital and technical support and have a mechanism for the country’s ‘graduation’ from international development assistance (IDA) sources to maintain its sustainable achievements in socio-economic development and poverty reduction.
He hailed Diop’s active and important contributions to supporting Vietnam to pool investment sources in the fields of energy, transport, digital development, infrastructure, and public-private-partnership (PPP).
He said that the Vietnamese Party and Government have persisted with the goal of ensuring macroeconomic stability, focusing on growth quality, boosting economic restructuring, and determining the construction of synchronous infrastructure as one of the breakthrough strategies.
He expressed his hope that the WB would assist Vietnam in building a comprehensive legal framework on public-private partnership (PPP) to incentivize the private sector to run effective investments, especially in infrastructure projects in Vietnam.
Diop updated his host on the priorities for the program regarding infrastructure the bank is carrying out in Vietnam while assuring his organization’s continued support for the country in the future.
Related News
Enhance the core values of the national brand
15:36 | 02/05/2024 Import-Export
Wood exports started well
13:26 | 20/04/2024 Import-Export
Leverage to increase the scale of Vietnam - Laos trade turnover
10:51 | 15/04/2024 Import-Export
Vietnam-China trade reaches over US$ 27 billion
09:29 | 10/04/2024 Import-Export
Latest News
Ample room for Việt Nam-Thailand cooperation in new economic sectors: official
14:50 | 03/05/2024 Headlines
Exports, FDI remain Vietnam’s bright spots: HSBC
17:16 | 02/05/2024 Headlines
Growth engines rev up in first four months
17:12 | 02/05/2024 Headlines
Vietnam fulfills Chairmanship of Asia Pacific Group at UN for April
19:38 | 01/05/2024 Headlines
More News
Startups gradually mature in international markets
08:22 | 01/05/2024 Headlines
Việt Nam to promote local tourism
13:37 | 30/04/2024 Headlines
April 30 Victory – Glorious milestone in national history
13:34 | 30/04/2024 Headlines
Vietnam secures remarkable economic successes since national reunification
13:31 | 30/04/2024 Headlines
Precious significance of Điện Biên Phủ Victory
16:44 | 29/04/2024 Headlines
Tourism sector surges with over six million visitors in four months
16:40 | 29/04/2024 Headlines
Removing the yellow card, seafood businesses commit to "say no to IUU"
07:51 | 29/04/2024 Headlines
Vietnam ranks third in Southeast Asia in startup investment attraction
14:57 | 28/04/2024 Headlines
All-out efforts needed to get IUU yellow card removed: Minister
14:55 | 28/04/2024 Headlines
Your care
Ample room for Việt Nam-Thailand cooperation in new economic sectors: official
14:50 | 03/05/2024 Headlines
Exports, FDI remain Vietnam’s bright spots: HSBC
17:16 | 02/05/2024 Headlines
Growth engines rev up in first four months
17:12 | 02/05/2024 Headlines
Vietnam fulfills Chairmanship of Asia Pacific Group at UN for April
19:38 | 01/05/2024 Headlines
Startups gradually mature in international markets
08:22 | 01/05/2024 Headlines